Thursday, March 28, 2013

Eight of nine sectors moved higher on Thursday…XLU, XLV and XLI werethe strongest sectors …XLE was the weakest
sector….

Breadth strengthened…advancers
led decliners…1.64 to 1 on
the NYSE and 1.26to 1 on the NASDAQ…

Thursday – strenpPgthened, advancers led

Wednesday – weakened, advancers led NYSE

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – strengthened, advancers led

SPY up 48 centsat 156.67...volume 102.9 million shares…

VIX down .45at12.70…TNX down
.up .01 at18.52…

TLT down 60 at 117.76…XLF up 5 centsat18.21 volume25.7 million shares

AAPL down -9.42 at442.66…volume 15.8 million shares…

FB down 51 cents at`25.58… on lower volume 28.5
million shares…

Technical Commentary:

SPY +0.31%ledQQQ +0.25%,IWM + 0.12%, and
DIA +0.25%on Thursday as each index moved higher in
front of the three-day Easter weekend.

AAPL -9.42 closed lower for the third straight day and below its 30 DMA for
the first time since March 15. FB down 51 cents on volume about half of Wednesday’s closing at the S1 level of its large bullish
engulfing candle. FB is still a setup for
a potential C Pattern Entry after a support bounce.

The Euro was up 38 pips and closed at 1.2814 on Thursday.

Trade what you see on the
chart of your position. The trend is up
and traders should lock in profits when targets are
reached. As always look for re-entry according to your rules.

The SPY made
another New High Close as TNX was
near unchanged and TLT Bonds closed lower.

Wednesday, March 27, 2013

Four of nine sectors moved higher and one unchanged on Wednesday…XLV, XLU and XLE werethe strongest sectors …XLF was the
weakest sector….

Breadth weakened…advancers
led decliners…1.13 to 1 on
the NYSE and decliners led advancers 1.08 to 1 on the NASDAQ…

Wednesday – weakened, advancers led NYSE

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – strengthened, advancers led

Thursday – weakened, decliners led

SPY unchangedat 156.19...volume 99.9 million
shares…

VIX up .38at13.15…TNX down .55 at18.51…

TLT up 1.00 at 118.36…XLF down 8 centsat18.16 volume31.9 million shares

AAPL down -9.05 at452.08…volume 11.8 million shares…

FB up 89 cents at`26.09…volume 52.3 million
shares…

Technical Commentary:

QQQ +0.13% led
IWM + 0.07%, SPY +0.00%and DIA -0.22%on Wednesday
as each index rebounded from its opening low on continued Cyprus worries.

AAPL -9.06 closed lower and above its 30 DMA for the eighth straight day and
formed a black candle following Tuesday’s bearish engulfing pattern. FB +89 cents formed
large bullish engulfing and closed above its Fib 50% retracement level from its
Nov 12 low… is still a setup for
a potential C Pattern Entry after a support bounce.

The Euro wasdown 76 pips and closed at 1.2776 on Wednesday. A new bank withdrawal guidelines in Cyprus were
announced.

Trade what you see on the
chart of your position. The trend is up
and traders should lock in profits when targets are
reached. As always look for re-entry according to your rules.

The SPY was unchanged as TNX was moved lower
and TLT Bonds closed higher.

Tuesday, March 26, 2013

All nine sectors moved higher on Tuesday…XLV, XLE and XLU werethe strongest sectors …XLY was the weakest
sector….

Breadth strengthened…advancers
led decliners…2.23 to 1 on
the NYSE and 1.40to 1 on the NASDAQ…

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – strengthened, advancers led

Thursday – weakened, decliners led

Wednesday – strengthened, advancers led

SPY up 1.24at 156.19...volume 86.8 million
shares…

VIX down .97at12.77…TNX down .09 at19.06…

TLT up 14 cents at 117.36…XLF up 11 centsat18.24 volume48.6 million shares

AAPLdown -2.44at461.13…volume 10.5 million shares…

FB up 7 cents at`25.20…volume 26.9 million
shares…

Technical Commentary:

SPY +0.80%led
IWM + 0.32%,
QQQ +0.54% and
DIA +0.74%on Tuesday as SPY and DIA each made a new
high close.

AAPL -2.44 closed lower and above
its 30 DMA for the seventh straight day and formed a bearish engulfing
candle. FB +7 cents formed an inverted hammer and closed below its Fib
50% retracement level from its Nov 12 low… is still a setup for a potential C Pattern Entry after a support
bounce.

The Euro was up 5 pips and
closed at 1.2852 on Tuesday. A new bailout agreement was announced on Monday.

Trade what you see on the
chart of your position. The trend is up
and traders should lock in profits when targets are
reached. As always look for re-entry according to your rules.

The SPY moved higher as TNX was slightly lower
and TLT Bonds closed slightly higher.

Dave Johnson, CMT

David Johnson, CMT
Investment professional for 40 years including analyst, portfolio manager, trader and trading instructor. Performing computer based technical analysis since 1990. Previously quantitative and fundamental analysis. Has trained more than 40,000 traders in over 250 events including two and four day training events.
Email: chartsignals@yahoo.com